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Oil futures turned higher on Thursday

By spragueoperati | January 15, 2021 | 0 Comments

Recap: Oil futures turned higher on Thursday, boosted by weakness in the dollar and signs of healthy imports by China, but concern over demand kept limited moves to the upside. […]

February NYMEX Natural Gas Futures Contract Closed at $2.727 on Wednesday, January 13th

By spragueoperati | January 14, 2021 | 0 Comments

Wednesday, January 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.786, three cents above Tuesday’s closing price of $2.753.  Choppy trading ensued throughout the morning hours, covering […]

U.S. crude oil inventories are about 8% above the five-year average

By spragueoperati | January 14, 2021 | 0 Comments

Recap: Oil prices fell on Wednesday, ending six consecutive sessions of gains for WTI, pressured by a gain in the U.S. dollar and increases in both gasoline and heating oil […]

Oil futures reached their highest level in 11 months

By spragueoperati | January 13, 2021 | 0 Comments

Recap: Oil futures reached their highest level in 11 months, bolstered by renewed weakness in the U.S. dollar, as traders continue to buy on hopes Saudi Arabia’s plans to limit supplies […]

February NYMEX Natural Gas Futures Contract Closed at $2.747 on Monday, January 11th

By spragueoperati | January 12, 2021 | 0 Comments

Monday, January 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.668, three cents below Friday’s closing price of $2.700.  Slipping to an intraday low of $2.620, buyers […]

Oil futures retreated from 10-month highs

By spragueoperati | January 12, 2021 | 0 Comments

Recap: Oil futures retreated from 10-month highs, as the U.S. dollar posted slight gains, amid rising concern over the number of new coronavirus cases in China. However, oil prices managed […]

February NYMEX Natural Gas Futures Contract Closed at $2.700 on Friday, January 8th

By spragueoperati | January 11, 2021 | 0 Comments

Friday, January 8th saw the front-month NYMEX Natural Gas Futures Contract open at $2.659, seven cents below Thursday’s closing price of $2.729.  Slipping to an intraday low of $2.644 ahead […]

Oil futures rose to their highest level in almost a year

By spragueoperati | January 11, 2021 | 0 Comments

Recap: Oil futures rose on Friday, to their highest level in almost a year and gaining almost 8% on the week in a large part due to Saudi Arabia’s decision […]

February NYMEX Natural Gas Futures Contract Closed at $2.729 on Thursday, January 7th

By spragueoperati | January 8, 2021 | 0 Comments

Thursday, January 7th saw the front-month NYMEX Natural Gas Futures Contract open at $2.693, two cents below Wednesday’s closing price of $2.716.  Tallying an intraday low of $2.687 within minutes […]

Oil futures reached their highest level in 11-months

By spragueoperati | January 8, 2021 | 0 Comments

Recap: Oil futures rose for the third straight session, reaching their highest level in 11-months, boosted by the larger than expected weekly drop in U.S. crude oil inventories and the […]